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Registered User
Joined: 7/23/2006
Posts: 29
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Just getting started with TC2000. Have looked for a method for locating dbl tops and dbl bottoms. Haven't seen anything so can I do it??? From there I'd like to see those stocks also have divergences on the MACD. One thing I've noted is that you need to take small bites and put them together.
Thanks for your help...
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You may wish to review the following:
Scanning for Stocks Printing a Double or Triple Bottom
Double top/bottom trend
Using Linear Regression Sorts to Help Spot Divergences
MACD linear regression pcf help
MACD double bottom divergence
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 7/23/2006
Posts: 29
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Wow. It will take a while to digest this.
Thanks for your timely response...
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Registered User
Joined: 7/23/2006
Posts: 29
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Bruce, I've worked my way through your suggested material and found several PCF's. Good stuff. Loaded one and it appears to work - any way to isolate the stocks that are just hitting their double top??
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Give me the PCFs you decided to work with and I will adapt them for you.
- Craig
Here to Help!
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Registered User
Joined: 7/23/2006
Posts: 29
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Craig, Copied from another post - these are the PCF's I'm trying. ASSUME I can increase the timeframe to 4 months by changing the 10 & 20 to say 42 & 84. Looking to have the stocks come up on the scan when the stocks hit the 2nd top (or a little before if possible - looks like formula may be doing that).
PCF1: (MAXC10>(MINL10.20+((MAXH10.20-MINL10.20)*.1))AND
MINC10<(MINL10.20+((MAXH10.20-MINL10.20)*.2)))
PCF2: ((MINL10>MINL10.20*.96) AND (MINL10<MINL10.20*1.04))
PCF3: (C<MAXC10.10 AND C>MAXC10.10*.95)
Thank you for your assistance. This is cool stuff!!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Create this PCF
Close as Percent of 10-day high
100*C/MAXH10
Sort your EasyScan by this condition in DESCENDING order to rank the stocks found by how close they are to the recent high.
- Craig
Here to Help!
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Registered User
Joined: 7/23/2006
Posts: 29
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Craig,
Appreciate the new formula. The 3 PCF's plus your sort PCF run fine but I would like to do some adjusting to them. I'm trying to break down the formulas to understand exactly what they are currently doing so I can make the adjustments.
I have a problem understanding what a few of the statements are doing. I understand that MAXC10 gives the highest closing price over 10 days, but what does MAXC10.10 and MAXC10.20 mean....
And can you give a brief explanation of what the 1st PCF is looking for?
This will help at lot... again, thanks for your kind help!!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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MAXC10.10
Highest close for 10 days (MAXC10)starting 10 days ago(.10)
MAXC10.20
Highest close for 10 days (MAXC10)starting 20 days ago(.20)
(MAXC10>(MINL10.20+((MAXH10.20-MINL10.20)*.1))AND
MINC10<(MINL10.20+((MAXH10.20-MINL10.20)*.2)))
A stock will return TRUE if:
The highest close for the past 10 days is greater than
The lowest low for 10 days ending 20 days ago plus
10% of the total 10 day-trading range ending 20 days ago
AND
The lowest close for the past 10 days is less than
The lowest low for 10 days ending 20 days ago plus
20% of the total 10-day trading range ending 20 days ago
- Craig
Here to Help!
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Registered User
Joined: 2/5/2006
Posts: 1,148
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i get a syntax error in pcf3. ????
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Registered User
Joined: 3/14/2005
Posts: 64
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Heres a simple sort to use to watch tops, I call it "Off Peak 3 Month"
((C / MAXH63 ) - 1) * 100
create a sort column for this personal criteria in one of your watchlist tabs then you can sort any list by the criteria with one clik. If a stock is more than 5% off peak then keep a close eye on it to see if it recovers or continues down. Very handy in an easy scan with other pcf to watch your portfolio.
Ever bought a stock only to have it go down immediately or had a nice profit and watch it dissappear? This one makes it easy to spot your weak holdings on the fly and keep an eye on them. Also you can reverse the math operator and make a "Up four days in a row" pcf, which is a handy thing to check your buy list before make a trade.
Try this pcf
Down 4 days in a row
C < C1 AND C < C2 AND C < C3 AND C < C4
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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funnymoney, I show no syntax error in the third PCF:
(MAXC10>(MINL10.20+((MAXH10.20-MINL10.20)*.1))AND
MINC10<(MINL10.20+((MAXH10.20-MINL10.20)*.2)))
Make sure you copied it correctly.
- Craig
Here to Help!
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Registered User
Joined: 7/29/2010
Posts: 417
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QUOTE (Craig_S) funnymoney, I show no syntax error in the third PCF:
(MAXC10>(MINL10.20+((MAXH10.20-MINL10.20)*.1))AND
MINC10<(MINL10.20+((MAXH10.20-MINL10.20)*.2)))
Make sure you copied it correctly.
I think this person means this pcf:
PCF3: (C<MAXC10.10 AND C>MAX10.10*.95)
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If so, that Condition Formula should be written as follows (it is missing the C in the second MAXC10.10 in the formula).
.95 * MAXC10.10 < C AND C < MAXC10.10
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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